Business
Femi Otedola Stake in First Bank Rises as He Buys 546.7m Unit
Femi Otedola Stake in First Bank increases as he buys 546.7m unit shares
Nigerian Billionaire and Business mogul, Femi Otedola has recently increased his stake in FBN Holdings, valued at N12.01 billion. He achieved this by an additional purchase of N546, 674, 034 units of shares.
According to Nigerian Exchange Limited, Otedola bought the shares through Calvados Global Services Limited for N21.97 per share at the Exchange.
Femi Otedola Stake in First Bank
Otedola formerly had investments in port agency, shipping, storage and insurance brokerage. In 2007, Also he acquired a controlling interest in African Petroleum, which later metamorphosed into Forte Oil. Forte Oil was later sold and renamed Ardova.
